Fresh foreign direct investment in the country declined by 16 per cent to $43.18 crore in last year, according to World Investment Report 2012 of the United Nations Conference on Trade and Development. The green field or FDI investment was $51.99 crore in 2010. Full story
The prices of beef and mutton shot up abnormally on different retail markets in the city this past week ending Friday. Garlic and ginger prices also increased sharply over the week. Beef and mutton prices increased by Tk 30 a kg and Tk 50 to Tk 100 a kg...Full story
The average inflation rate accelerated to 10.62 per cent in the last fiscal year (2011-2012), up from 8.80 per cent estimated during the 2010-2011 fiscal year, according to the Bangladesh Bureau of Statistics.Full story
Poor rains in India’s key pulse-producing southern and western states have affected sowing and could trim output in the 2012-13 year that began on July 1, the agriculture minister said on Friday. Lower output of pulses could force India, the world’s largest...Full story
Commerce minister GM Quader on Thursday urged the exporters to put in their best efforts to achieve the $28 billion export target in the fiscal 2012-13 to minimise the trade gap. Commerce minister GM Quader on...Full story
Hili Land Port at Dinajpur earned Tk 10.50 crore as travel tax from 23,795 Bangladesh and Indian tourists in the last six months from January to June. Immigration officer at the port SI Khajamuddin told the news...Full story
China, Europe and Britain loosened monetary policy in the space of less than an hour on Thursday, signalling a growing level of alarm about the world economy, although suggestions of coordinated action were played down.Full story
Asian markets fell Friday as apparently coordinated action by Europe and China to stimulate growth failed to reassure wary investors ahead of US jobs data due later in the day. The slide came as International Monetary...Full story
The euro lost more ground in Asian trade Friday after central banks in Europe and China ushered in rate cuts and fresh easing, while US jobless data came in better than expected.Full story
A plan to merge Japan’s two biggest stock exchanges has won regulatory approval, the bourses said Thursday, as Tokyo and Osaka team up amid stiff competition from overseas rivals.Full story
British insurer Aviva said on Friday it had sold another 21 per cent of shares in Dutch unit Delta Lloyd for £318 million ($493 million, 398 million euros), one day after unveiling a large restructuring.Full story
Crude prices slipped in Asia Friday as worries over the global economy were rekindled following interest rate cuts by central banks in Europe and China, analysts said. New York’s main contract, light sweet crude for...Full story